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FRENNS
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FRENNS Financing is a leading invoice factoring finance specialist providing a wide range of debt and invoice factoring, business finance and receivables financing solutions to small and medium sized businesses in Europe.
London, South East, United Kingdom
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Anglais
FRENNS
Anglais
10 million European SMEs, representing 4tn Euro in revenue lose out on business opportunities and opportunities for growth every day. Invoice financing is an efficient way for SMEs to get money fast. However, traditional factoring companies have not typically serviced SME's invoices as they are usually too small, or the SME has insufficient credit history. Furthermore, traditional factoring fees can be prohibitively expensive for SMEs.
FRENNS...
10 million European SMEs, representing 4tn Euro in revenue lose out on business opportunities and opportunities for growth every day. Invoice financing is an efficient way for SMEs to get money fast. However, traditional factoring companies have not typically serviced SME's invoices as they are usually too small, or the SME has insufficient credit history. Furthermore, traditional factoring fees can be prohibitively expensive for SMEs.
FRENNS is an online platform on which small businesses can auction off their invoices for cash. The platform eliminates the middle man, utilises advanced automation techniques along with high-speed and efficient invoice financing capabilities, thus reducing costs for SMEs whilst at the same time maximising returns for investors. The platform also utilises Artificial Intelligence techniques to verify the financial information of SMEs as well as for fraud detection purposes. The FRENNS platform also provides helpful financial insights assisting business owners to make better decisions leading to more profitable outcomes.
FRENNS is transforming the market by giving underepresented SMEs ready access to competatively priced invoice financing capabilities and helping them become more profitable and engendering growth.
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Certifications
The Seal of Excellence is a quality label awarded to project proposals submitted to Horizon 2020 which succeeded a highly competitive evaluation process by independent experts, but did not receive funding due to budget limits.
This quality label is a guarantee for investors to find high standard project proposals from European SMEs with growth potential.
1478 Entities
Communities
InvestHorizon is an accelerator programme designed to facilitate the access to Series A funding
for selected DEEP TECH companies.
2667 Members
The Access2EIC -Seal of Excellence community aims at gathering high potential European companies that received from the European Commission a “Seal of Excellence” certificate and European equity investors.
https://access2eic.eu/
2140 Members
Our history
Start in September, 2015
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September, 2015
Having identified a gap in the market for SMEs to benefit from invoice financing, FRENNS was created
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June, 2017
First seed investment made into FRENNS
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December, 2017
FRENNS platform completed
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June, 2018
FRENNS Marketing Event, showcasing FRENNS commences
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June, 2018
Official launch of Frenns Platform and onboarding of first Pilot customers thereafter
to be continued ...